Flowserve Corp has entered into a definitive agreement to acquire Velan Inc, the Canadian manufacturer of highly engineered industrial valves, in a US$245 million (C$329 million) cash deal.
Founded in Montreal in 1950, Velan has a strong presence in the nuclear, cryogenic and defence markets. Velan, a family-controlled public company, has around 1,650 employees and manufacturing facilities in nine countries.
When the transaction closes, Velan will become part of Flowserve\u2019s Flow Control Division (FCD) segment. Flowserve expects to maintain a significant presence in Qu\u00e9bec, including Velan\u2019s Montreal head office and the combined company will continue to maintain a significant global presence.<\/p>\n","protected":false},"excerpt":{"rendered":"
Flowserve Corp has entered into a definitive agreement to acquire Velan Inc, the Canadian manufacturer of highly engineered industrial valves, in a US$245 million (C$329 million) cash deal.Founded in Montreal in 1950, Velan has a strong presence in the nuclear, cryogenic and defence markets. Velan, a family-controlled public company, has around 1,650 employees and manufacturing […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3403","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts\/3403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/comments?post=3403"}],"version-history":[{"count":1,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts\/3403\/revisions"}],"predecessor-version":[{"id":3404,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/posts\/3403\/revisions\/3404"}],"wp:attachment":[{"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/media?parent=3403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/categories?post=3403"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.anolinfotech.com\/Pumpsindia\/wp-json\/wp\/v2\/tags?post=3403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}